Theoretical Foundations of Relational Incentive Contracts
描述了用于建模长期契约关系中道德风险的博弈论框架，结合了自我执行与外部执行，并回顾了从重复博弈递归均衡延续值构建的理论组件。
This article describes the emerging game-theoretic framework for modeling long-term contractual relationships with moral hazard. The framework combines self-enforcement and external enforcement, accommodating alternative assumptions regarding how actively the parties initially set and renegotiate the terms of their contract. A progression of theoretical components is reviewed, building from the recursive formulation of equilibrium continuation values in repeated games. A principal-agent setting serves as a running example.